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Carbon Credits (Carbon Farming Initiative) Act 2011
182Set‑off
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182 Set‑off
If: (a) an amount (the first amount) is payable under section 179 or 180 by a person; and (b) the following conditions are satisfied in relation to another amount (the second amount): (i) the amount is payable by the Commonwealth to the person; (ii) the amount is of a kind specified in the regulations or the legislative rules; the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.